Meta reduces US workforce by 13.8% as part of broader downsizing plans

Meta announced layoffs today amid a company-wide restructuring.<br><br>The Facebook parent company plans to cut its US workforce by 13.8% in an effort to reallocate resources to build out its metaverse technologies, according to documents seen by Bloomberg.<br><br>The layoffs will be concentrated in the company’s global affairs and technology divisions, while some US-based staff will be offered relocation packages to move to other countries.<br><br>Meta announced a separate round of layoffs in the spring that included 10,000 job cuts and 5,000 unfilled positions, bringing the company’s total number of cuts this year to more than 24,000.<br><br>Companies like Amazon and Google have also announced similar layoffs in recent months as part of broader restructuring efforts.<br><br>Reuters contributed to this report